Migration Program Levels
For the 2020-21 programme year, the migration level will remain at 160,000 participants. Although the quota has not changed, the distribution of the quota has. The family stream will rise from 47,732 to 77,300 seats. Employer-Sponsored, Foreign Expertise, Business Creativity, and Investment Scheme visas will be given priority to ensure that Australia hires talented people to assist with the economic recovery. Applicants for onshore visas and collaborator visas in geographic areas will also be given preference. This is to allow people to migrate to Australia’s regional areas.
Business, Investment and Innovation Program
The relocation policy for 2020-21 seeks to help the economy rebound from COVID-19. As a result, the number of places available for the business, investment, and creativity programme has risen to 13,500. From July 1, 2021, the government will streamline and enhance the activity of the Business Innovation and Investment Program. From July 1, 2021, visa processing fees will rise by 11.3 percent.
One of the most important improvements would be an expansion in the criteria for Business Innovation visa holders in order to insure that the scheme continues to recruit migrants with developed business skills. To show their corporate acumen, Business Innovation visa applicants will be expected to have $1.25 million in business and personal assets (up from $800,000) and an annual turnover of $750,000 (up from $500,000).
General Skilled Visas
In the last few months, the total points needed to accept an invitation have also decreased significantly. The following are the results of the October 2020 invitation round:
Subclass 189 – The minimum score needed to be invited was 65 points. This is a substantial decline from previous months, where the lowest score needed to accept an invitation ranged from 90 to 110. The lowest point total for the year is 65, although this is possible if you have a PMSOL profession.
Subclass 491 – 65 points remained the lowest score needed to earn a subclass 491 visa invitation. The additional 15 points for the subclass 491 visa are included in the limit of 65 points.